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COMPANY REGISTRATION NUMBER: 04622065
PARKSIDE (KNIGHTSBRIDGE) RESIDENTS LIMITED
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
PARKSIDE (KNIGHTSBRIDGE) RESIDENTS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2023
CONTENTS
PAGE
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
PARKSIDE (KNIGHTSBRIDGE) RESIDENTS LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
THE BOARD OF DIRECTORS
N E Prall
J M Coppleson
A C E Knight
A Mirosnicenko
REGISTERED OFFICE
28/56 Knightsbridge
London
SW1X 7JW
AUDITOR
Colne Valley Business Services LLP t/a Cloke & Co
Chartered Certified Accountants & statutory auditor
475 Salisbury House
London Wall
London
EC2M 5QQ
PARKSIDE (KNIGHTSBRIDGE) RESIDENTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
4
1
1
CURRENT ASSETS
Debtors
5
9,672
25,197
Cash at bank and in hand
257,105
198,684
---------
---------
266,777
223,881
CREDITORS: amounts falling due within one year
6
63,110
60,740
---------
---------
NET CURRENT ASSETS
203,667
163,141
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
203,668
163,142
---------
---------
NET ASSETS
203,668
163,142
---------
---------
CAPITAL AND RESERVES
Called up share capital
49
49
Profit and loss account
203,619
163,093
---------
---------
SHAREHOLDERS FUNDS
203,668
163,142
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 16 February 2024 , and are signed on behalf of the board by:
A C E Knight
Director
Company registration number: 04622065
PARKSIDE (KNIGHTSBRIDGE) RESIDENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28/56 Knightsbridge, London, SW1X 7JW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
BASIS OF PREPARATION
Following the publication of Lessee Advisory Note 08/08 issued by the Association of Residential Managing Agents, the Board have decided to adopt their recommendations regarding the accounting treatment of Service Charge Income and Expenditure.
TANGIBLE ASSETS
Freehold property represents the reversionary interest in Parkside after the sale of long leases to the lessees. In the opinion of the directors, any depreciation of the buildings is immaterial.
FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. TANGIBLE ASSETS
Land and buildings
£
Cost
At 1st April 2022 and 31st March 2023
1
----
Depreciation
At 1st April 2022 and 31st March 2023
----
Carrying amount
At 31st March 2023
1
----
At 31st March 2022
1
----
5. DEBTORS
2023
2022
£
£
Other debtors
9,672
25,197
-------
--------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Other creditors
63,110
60,740
--------
--------
7. SUMMARY AUDIT OPINION
The auditor's report dated 21 February 2024 was unqualified .
The senior statutory auditor was Jonathon D R Holt BA FCCA , for and on behalf of Colne Valley Business Services LLP t/a Cloke & Co .
8. RELATED PARTY TRANSACTIONS
In the opinion of the directors, there is no ultimate controlling party. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.